37
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$799,900
Est. payment /mo
7,596 SqFt
New
1509 E 69th PL Chicago, IL 60637
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Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,596 sqft
Price per Sqft $105
MLS Listing ID 12704639
Maintenance Fees $9,267
Year Built 1914
Annual Tax Amount $10,278
Tax Year 2024
Lot Dimensions 50x130
Property Sub-Type Multi Family 5+
Property Description
Well-Maintained Six-Unit Investment | Five 2BR Units | Tenant-Paid Heat | In-Unit Laundry | Parking Potential Exceptional opportunity to acquire a well-maintained six-unit multifamily investment property featuring five spacious two-bedroom residences and one one-bedroom residence. Offering an attractive unit mix, generous floor plans, and strong rental appeal, this property is an excellent addition to any investment portfolio. The apartments feature expansive living and dining areas, updated kitchens with ample cabinetry, solid-surface countertops, subway tile backsplashes, dishwashers, and modern fixtures. Many of the units retain their original architectural charm, including decorative fireplaces and built-in shelving, blending timeless character with functional updates. Most units also feature the convenience of in-unit laundry, an amenity highly sought after by today's renters. Designed for efficient ownership, each apartment has a separate heating system, with tenants responsible for their own heat, helping reduce operating expenses. The property has been consistently maintained and offers clean, well-kept common areas, attractive rear porches, and a large, dry basement with exceptional storage capacity and future value-add potential. The oversized rear yard provides the opportunity to create approximately five off-street parking spaces, offering additional income potential. One unit is currently vacant, allowing buyers to easily inspect a representative apartment without disturbing existing tenants. Whether you're looking to expand your portfolio, complete a 1031 exchange, or acquire a stable income-producing asset with future upside, this six-unit building offers strong fundamentals, operational efficiencies, and long-term investment potential.
Location
State IL
County Cook
Area Chi - South Shore
Rooms
Basement Unfinished
Interior
Cooling None
Fireplace N
Exterior
Roof Type Membrane
Building
Dwelling Type Multi Family 5+
Water Municipal Water
Structure Type Brick
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Listed by Jennifer Bell of Fulton Grace Realty
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